3D Systems (NYSE:DDD) Upgraded at Wall Street Zen

Key Points

• 3D Systems has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen, while four other analysts have also rated the stock as a hold.
• The stock is currently priced at $2.05, with a one-year low of $1.32 and a high of $5.00, indicating volatility in its market performance.
• Institutional investors hold 64.49% of 3D Systems' shares, with significant increases in holdings reported by CWM LLC and NewEdge Advisors LLC during the first quarter.

3D Systems (NYSE:DDD - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other equities analysts also recently issued reports on DDD. Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research note on Thursday. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.67.

3D Systems Stock Performance

NYSE DDD opened at $2.05 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.96. 3D Systems has a 1 year low of $1.32 and a 1 year high of $5.00. The company has a market capitalization of $262.91 million, a PE ratio of -1.56 and a beta of 1.92. The company has a fifty day moving average of $1.73 and a two-hundred day moving average of $2.30.

Institutional Investors Weigh In On 3D Systems

Hedge funds have recently made changes to their positions in the business. CWM LLC boosted its stake in shares of 3D Systems by 703.1% during the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock worth $26,000 after buying an additional 10,814 shares during the period. NewEdge Advisors LLC boosted its stake in shares of 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company's stock worth $28,000 after buying an additional 12,900 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of 3D Systems during the fourth quarter worth about $44,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of 3D Systems during the first quarter worth about $29,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of 3D Systems by 67.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock worth $46,000 after buying an additional 5,700 shares during the period. Institutional investors and hedge funds own 64.49% of the company's stock.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.

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